By Jeff Madrick
A vividly instructed historical past of the way greed bred America’s financial ills over the past 40 years, and of the boys so much liable for them.
As Jeff Madrick makes transparent in a story without delay sweeping, fast paced, and incisive, the single-minded pursuit of massive own wealth has been at the upward thrust within the usa because the Seventies, led by means of a couple of people who have argued that self-interest courses society extra successfully than neighborhood issues. those stewards of yank capitalism have insisted at the crucial and crucial position of amassed wealth during the booms, busts, and recessions of the final part century, giving upward push to our present woes.
In telling the tales of those politicians, economists, and financiers who declared an ethical conflict for freedom yet as an alternative gave upward push to an age of greed, Madrick lines the lineage of a few of our nation’s so much urgent fiscal difficulties. He starts with Walter Wriston, head of what might develop into Citicorp, who led the conflict opposed to executive legislation. He examines the information of economist Milton Friedman, who created the plan for an anti-Rooseveltian the US; the politically expedient judgements of Richard Nixon that fueled inflation; the philosophy of Alan Greenspan, on whose libertarian ideology a home of playing cards used to be outfitted on Wall highway; and the activities of Sandy Weill, who built the biggest bank on the earth, which might have long past bankrupt in 2008 with no federal bailout of $45 billion. major figures together with Ivan Boesky, Michael Milken, Jack Welch, and Ronald Reagan play key roles as well.
Intense financial inequity and instability is the tale of our age, and Jeff Madrick tells it with type, readability, and an unerring command of his topic.
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Additional resources for Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
The gaze establishes the difference between the self and other by figuring their relationship in terms of distance. Taken together, Foucault and Sartre show us that vision is a complex sense that cannot be restricted to the ocular; looking is an act that produces objects, consolidates subjectivity, and enacts domination. 15 In this regard, discussions of S&M also move beyond the strictly visual toward articulating an affective link between power and distance. In order to show the collision between distance and domination, I turn to an essay by Elizabeth Harris that is also in Against Sadomasochism.
All of this is achieved without having to appeal to identity; this is about opening paths to difference. There is, however, another dimension to using sensation as an analytic tool: namely, the fact that deciphering the structure of sensation requires a particular mode of reading that emphasizes the connections between reader and text/object/assemblage. Deleuze puts forward the methodology of intensive reading as putting the text into conversation with the rest of the reader’s world: “This intensive way of reading, in contact with what’s outside the book, as a flow meeting other flows, one machine among others, as a series of experiments for each reader in the midst of events that have nothing to do with books, as tearing the book into pieces, getting it to interact with other things .
Using The Story of O as a starting point, this chapter looks at the ways that submission has been understood as a performance of femininity in the context of postwar France. I argue that The Story of O produces a link between femininity, objectification, and recognition through masochism by foregrounding aesthetics and other models of 28 Introduction agency under conditions of constraint. In this way, I read The Story of O as one of the spaces of cruel optimism that Lauren Berlant discusses in her analysis of life under neoliberalism.
Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present by Jeff Madrick